Community Bank in Muscatine, Iowa (IA)



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Community Bank
GeneralFDIC Certificate #: 23189
Status: Active
Federal Reserve ID: 1015841
Bank Holding Company (Regulatory Top Holder): C-B-g, Inc. (RSSDID: 1201448, Location: West Liberty, IA)
Date Established: August 11, 1980
WWW: http://www.commbk.net
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 10076
FDIC's unique #: 16245
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: August 11, 1980
Last Structure Change Effective Date: October 20, 2008
Last Structure Change Process Date: September 17, 2009
Last Data Update: September 17, 2009
Data Source Date: April 05, 2012
LocationAddress: 615 Cedar Street, Muscatine, IA 52761
County: Muscatine
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Muscatine, IA (#34700)
CBSA Micro Statistical Area: Yes
History of ChangesOffice Purchased
Financial SummaryTotal assets: $241.0 mil
Equity capital: $24.7 mil
Deposits held in domestic offices: $215.3 mil
Return on assets (ROA): 0.89% ($2.1 mil)
Quarterly return on assets: 1.17% ($2.8 mil)
Return on Equity (ROE): 8.72% ($2.2 mil)
Quarterly return on equity: 11.43% ($2.9 mil)
Net income: $2.1 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.92% ($2,217.2 mil)
Quarterly Pretax return on assets: 1.23% ($2,964.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)63
Total assets$241,002
Cash and due from depository institutions$11,400
Interest-bearing balances$4,843
Securities$49,416
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$160,601
Loan loss allowance $1,612
Trading account assets$0
Bank premises and fixed assets$6,861
Other real estate owned$498
Goodwill and other intangibles$5,294
All other assets$6,932
Life insurance assets$241,002
Total liabilities and capital$216,300
Total liabilities$215,344
Total deposits$185,678
Interest-bearing deposits$215,344
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$280
Other borrowed funds $0
Subordinated debt $676
All other liabilities $24,702
Total equity capital$24,702
Total bank equity capital$24,702
Perpetual preferred stock$0
Common stock$1,775
Surplus$13,954
Undivided profits $8,973
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,523
Earning assets $87
Long-term assets (5+ years) $1,843
Average Assets, year-to-date $214,860
Average Assets, quarterly $25,591
Volatile liabilities $235,873
Insider loans $238,728
FHLB advances $165,818
Loans and leases held for sale $235,447
Unused loan commitments $3,787
Tier 1 (core) risk-based capital $3,787
Tier 2 risk-based capital $18,322
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,948
Derivatives$1,660
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,718
Total interest expense $3,106
Net interest income $7,612
Provision for loan and lease losses $406
Total noninterest income $908
Fiduciary activities $215
Service charges on deposit accounts $336
Trading account gains & fees $0
Additional noninterest income $357
Total noninterest expense $5,963
Salaries and employee benefits $3,273
Premises and equipment expense $843
Additional noninterest expense $1,847
Pre-tax net operating income $2,151
Securities gains (losses) $9
Applicable income taxes $63
Income before extraordinary items $2,097
Extraordinary gains - net $0
Net income attributable to bank $2,097
Net charge-offs $0
Cash dividends $2,097
Sale, conversion, retirement of capital stock, net $303
Net operating income $1,224
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.09%
Cost of funding earning assets 1.48%
Net interest margin 3.62%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 2.83%
Net operating income to assets 0.89%
Return on assets (ROA) 0.89%
Pretax return on assets 0.92%
Return on equity (ROE) 8.72%
Retained earnings to average equity (YTD only) 3.63%
Net charge-offs to loans 0.20%
Credit loss provision to net charge-offs 133.99%
Efficiency ratio8.44%
Assets per employee$69,225
Cash dividends to net income (YTD only)3.83%
Condition Ratios (%)
Loss allowance to loans 58.37%
Loss allowance to noncurrent loans 0.99%
Noncurrent assets plus other real estate owned to assets 45.76%
Noncurrent loans to loans 1.67%
Net loans and leases to deposits2.17%
Net loans and leases to core deposits 74.58%
Equity capital to assets 81.31%
Core capital (leverage) ratio 10.25%
Tier 1 risk-based capital ratio 7.78%
Total risk-based capital ratio 11.05%
Memoranda
Average assets$12
Average earning assets$235,873
Average equity $24,046
Average loans $210,500
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$85,711
Number of Accounts1
Personal trust and agency accounts$20,060
Employee benefit-defined contribution accounts$19,860
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$200
Number of Accounts695
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$65,651
Corporate trust and agency accounts$11,460
Other fiduciary accounts$35,405
Fiduciary accounts held in foreign offices$18,786
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5 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
016245Community Bank615 Cedar Street, Muscatine, IA 52761August 11, 1980Full Service Brick and Mortar
1256040Park Ave Branch2506 Park Avenue, Muscatine, IA 52761July 01, 1985Limited Service Facility
312595Columbus Junction Branch227-229 Main Street, Columbus Junction, IA 52738March 25, 1963Full Service Brick and Mortar
45957Wilton Branch210 West Fourth Street, Wilton, IA 52778October 01, 1894Full Service Brick and Mortar
5267937Wapello Branch206 Highway 61 North, Wapello, IA 52653January 01, 1919Full Service Brick and Mortar
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